Vietnam’s banking sector is seeing another major development in shareholder returns, as state-owned lender VietinBank (HoSE: CTG) has announced plans to distribute cash dividends for the first time in nearly four years.
According to a resolution recently approved by the bank’s Board of Directors, VietinBank will close its shareholder list on October 15, 2025, to pay a cash dividend of 4.5%, equivalent to VND 450 per share. The payment date is set for November 17, 2025.
With nearly 5.37 billion shares outstanding, the lender is expected to disburse over VND 2.4 trillion (approx. USD 94 million) to shareholders. The last time VietinBank made a cash dividend payment was at the end of 2021, when it distributed an 8% dividend.
The move follows Vietcombank’s (HoSE: VCB) recent announcement to pay a 4.5% cash dividend on October 24, 2025, reflecting a broader trend among Vietnam’s “Big 4” state-owned commercial banks (Vietcombank, VietinBank, BIDV, Agribank) to return more profits to shareholders.
Capital Increase Plan Through Stock Dividend
Beyond cash dividends, VietinBank is also pursuing a significant capital increase. The bank’s 2025 Annual General Meeting approved a plan to issue shares to existing shareholders, aimed at raising its charter capital from VND 53.7 trillion to VND 77.7 trillion—a 44.6% increase.
This will be carried out by issuing up to 2.4 billion new shares, funded by retained earnings from 2009–2016 and profits from 2021–2022. The specific issuance timeline will be determined by the Board of Directors, pending regulatory approval.
The return to cash dividend payouts underscores VietinBank’s improving profitability and capital buffer, signaling resilience in Vietnam’s banking sector despite macroeconomic headwinds. For international investors, this development highlights both dividend income opportunities and the potential for long-term capital appreciation as VietinBank strengthens its capital base.
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Source: Vietnam Insider